Vermilion
Vermilion
Vermilion

Glossary

  
  • Distributable Cash: amounts available for dividends to shareholders of shares during any applicable period.
  • Dividend Date: any date that Dividend Cash is distributed to shareholders, generally the 15th day of the month following any Dividend Record Date (or, if that's not a business day, on the next business day).
  • Dividend Record Date: the last day of each month.  Dividends are paid to the list of shareholders who hold stock on the record date.
  • Cash Yield: The ratio of actual or estimated cash dividends per share to current share price (expressed as a percentage).
  • Enterprise value: measure of what the market believes a Company's ongoing operations are worth. Enterprise value is equal to Vermilion's market capitalization + debt - cash and cash equivalents.
  • Established Reserves: proved plus one-half of the probable reserves for assets in Canada, France, Netherlands, Australia and Ireland.
  • Ex-Dividend Date: holders of shares purchased prior to the Ex-Dividend Date are entitled to the declared dividend paid on the 15th of the next month. Ex-Dividend Date is two business days prior to the Dividend Record Date.
  • Marketable Reserves: net working interest of sales reserves.
  • Net Asset Value (NAV): the dollar value of Vermilion based on the value of the underlying assets of the shares minus its liabilities.
  • Netback: the dollar value of a barrel of oil or barrel-of-oil equivalent determined by sales price less operating cost, royalties, and general and administrative cost.
  • Non-Resident: (a) a person who is not a resident of Canada for the purposes of the Tax Act; or (b) a partnership that is not a Canadian partnership for the purposes of the Tax Act.
  • Operating Cost: the cost to produce a barrel of oil or barrel-of-oil equivalent
  • Reserve Life Index: the remaining life of our reserves, measured in years, by dividing the quantity of reserves by the total production of oil, natural gas and natural gas liquids during the calendar year.
  • Return on average shareholders' equity: net income attributable to shareholders divided by average shareholders' equity.
  • 10-Day Weighted-Average Trading Price: determined by averaging the dollar trading value of the shares for the 10 trading days preceding the Dividend Payment Date and dividing that amount by the average of the number of shares traded on the stock exchange during the same period.
Abbreviations
API American Petroleum Institute
bbls barrels
bbls/d barrels per day
bcf billion cubic feet
boe barrel of oil equivalent
boe/d barrel of oil equivalent per day
CBM coalbed methane
GJ gigajoules
$m thousands of dollars
$mm millions of dollars
mbbls thousand barrels
mboe thousand barrels of oil equivalent
mcf thousand cubic feet
mcf/d thousand cubic feet per day
mmboe million barrels of oil equivalent
mmcf million cubic feet
mmcf/d million cubic feet per day
MW megawatt
NGLs natural gas liquids
NPV net present value
WTI West Texas Intermediate